What's really going on in the Phoenix Real Estate market?

What's really going on in the Phoenix real estate market?

 

In this week's market update, I'm breaking down the stats I watch most closely to separate fact from fear — including why a viral post claiming Phoenix is in "full collapse" couldn't be more wrong. Using the Cromford Market Index, active listing data, contract ratios, and mortgage rate trends, I'll walk you through where supply and demand actually stand today, how it compares to past markets like 2014 and the 2008 financial crisis, and what it all means whether you're buying or selling in the Valley right now.

 

If you're a Phoenix-area buyer or seller trying to make a confident, informed decision this summer, this one's for you.

 

Topics covered:

• Why Phoenix is NOT in a market collapse

• Supply vs. demand and the Cromford Market Index

• How today compares to 2014 and 2008

• Active listings, price cuts, and days on market

• Seller concessions and sale-to-list price ratios

• Contract ratios by price range

• Where mortgage rates are heading